Tether’s robust performance in 2023 shows rising demand for stablecoins and closer ties between crypto firms and the traditional financial system. Stablecoin-issuer Tether had a strong year in 2023, raking in $6.2 billion in net profits, primarily from passive income from United States Treasury securities backing its USDT stablecoin reserves. Over the last year, Tether...Continue Reading

BlackRock and ProShares daily spot Bitcoin volumes surpass Grayscale’s GBTC. Bitcoin (BTC) traded between $42,580 and $43,422 on Feb. 2 as Grayscale’s GBTC grapplehold over spot Bitcoin exchange-traded fund selling took a pause.  Grayscale’s converted GBTC ETF has dominated the spot Bitcoin ETF market in terms of daily volumes since the products began trading on...Continue Reading

Investor Dan Tapiero is behind the transformation of digital asset custody service Qredo. Current customers will not be affected. A new platform called Fusionchain will be launched from assets of digital custody service Qredo after its partial acquisition by a firm linked to investor Dan Tapiero. Fusionchain will be a new venture and receive a...Continue Reading

The ETH futures premium reached its lowest level since November 2023, but historical evidence points to a buy opportunity. Ether (ETH) investors may be disappointed due to the 12.5% drop in the past three weeks, but will a deeper look at the asset’s data provide more hope or despair?  Part of the recent correction can...Continue Reading

BMW, Budweiser, State Farm, Oreo, DoorDash and Hellman’s Mayonnaise are reportedly planning to advertise for the big game — food and cars, not AI and crypto. Millions of fans watching the Kansas City Chiefs face off against the San Francisco 49ers in Super Bowl LVIII will reportedly not see many ad spots featuring cryptocurrency exchanges...Continue Reading

Dogecoin network activity surged in the past week, but DOGE price hasn’t moved yet. Popular memecoin Dogecoin (DOGE) has been trading sideways, above the 200-day exponential moving average (EMA) since Jan. 7. DOGE price is down 0.4% over the last week and 14% over the last month and even though the technical setup hints at...Continue Reading

The GOP frontrunner claims even experts can be fooled by AI — “there’s no solution.” Former United States President and current Republican party front-runner Donald Trump recently sounded off on the topic of artificial intelligence (AI), calling it “the most dangerous thing out there” and warning “there’s no real solution” during an interview with Fox...Continue Reading

Bitcoin’s historical performance in February favors bulls, opening the gates for a possible rally above $45,000. Will altcoins follow? The launch of Bitcoin (BTC) exchange-traded funds (ETFs) in January failed to boost prices as traders focused on the outflows from the Grayscale Bitcoin Trust (GBTC), ignoring the net inflows into the remaining ETFs. This shows...Continue Reading

Axiom, Portal, HashKey, Kiln, Digital Infrastructure, Pontem and p0 are among the startups securing venture capital in January 2024. Crypto-based startups kicked off 2024 disclosing new funding rounds across a range of sectors, despite liquidity constraints as private investments are burdened by high-interest rates. January’s highlights include smart contract platform Axiom securing $20 million for...Continue Reading

According to the regulator, the crypto exchange could resume normal operations should it meet SEC requirements within 15 days. Thailand’s Securities and Exchange Commission (SEC) ordered crypto exchange Zipmex to suspend its digital asset trading and brokerage services temporarily. In a Feb. 2 announcement, the SEC said Zipmex had 15 days to “correct its financial...Continue Reading